Fiscal Year 2025 Budget Proposal Contains Items Affecting Exempt Organizations

The Biden administration's budget proposal includes items affecting donor advised funds and private foundations.

December CPI: Sticky Service and Housing Prices Illustrate the Difficult Last Mile in Inflation Fight

Despite a three-month annualized top-line inflation pace of 1.8% and a six-month rate of 3.3%, prices in the service sector, which comprises 62% of the overall index, increased by 5%.

2024-02-06T16:13:36-05:00February 6, 2024|Categories: Headlines|Tags: |

Tax Relief Bill Passes House, Faces Uncertain Fate in Senate

Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.

2024-02-29T14:56:13-05:00February 1, 2024|Categories: Tax: Business, Tax Alert, Tax: Individual|Tags: |

IRS Will Use AI to Help Target Partnerships and High Net Worth Individuals

The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.

2024-02-01T14:50:27-05:00January 30, 2024|Categories: Tax: Individual, Tax: Business|Tags: |
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